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Gold/Mining/Energy : C.DOY Doreal Energy Corp.
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To: Check who wrote (60)2/23/1999 11:24:00 PM
From: grayhairs  Read Replies (1) of 133
 
Hi George,

When I first looked at this prospect (before the drilling of the #1 well), natural gas into the pipeline in Portugal was contracting at roughly $3.50(U.S.)/mcf. I'd venture therefore that this gas should be worth better than $1.50(U.S.)/mcf in the ground. So, converting to our Loonies, $12/share is not at all out of the question. Of course a lot of things will have to happen between now and $12/share.

Have a pleasant evening.

Later,
grayhairs
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